
Going to the coffee shop? Forget your wallet. Just take your mobile phone.
Bank of Montreal customers can now make payments simply by waving their mobile phone in front of a PayPass reader, the bank announced Tuesday.
The bank, which already has 7 million PayPass credit card holders, says the same service is available by simply attaching a PayPass sticker to your mobile phone.
BMO is the first major Canadian bank to offer what amounts to an interim step on the road to fully fledged mobile payment technology.
Since more than 25 million Canadians